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St. Pete real estate firm buys Kentucky apartments in a $230M deal

January 3, 2022 - St. Petersburg-based Stoneweg US has purchased two apartment complexes in Louisville, Kentucky through a $230 million deal. Stoneweg bought Middletown Landing and Mallard Crossing. The purchase was the largest deal to date for Stoneweg, according to a news release. “We’re fortunate to acquire two high-quality assets that significantly bolster our overall unit count and allow us to extend our reach in a market that we’ve been so successful in,” Ryan Reyes, chief investment officer for Stoneweg US, said in a news release. “Middletown Landing and Mallard Crossing at St. Matthews represents a giant step forward in our growth strategy and this move is indicative of our capabilities to source and close quality deals on a large scale." 

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